Page 3 - L&t Technology Services Ltts

TCS, L&T Infotech: IT stocks are best bets amid current uncertainty

Stocks like TCS and LTTS may explore uncharted territories in current market volatility

Here's why Osho Krishan recommends HDFC, L&T Technology Services

According to the technical analyst from Anand Rathi, both the stocks are placed well on a risk-reward ratio from a short to medium-term perspective

Mindtree, Coforge: These IT stocks look good on charts despite correction

Despite the current corrective phase in IT sector, the overall positive bias seems to be intact for these IT stocks as they hold crucial support levels

We hired 1,200 freshers last quarter, will hire 2,000 more: L&T Tech chief

In a Q&A, the CEO and Managing Director of L&T Technology Services, Amit Chadham spoke about attrition, the way forward and the Covid impact on business

Larsen & Toubro Tech Services Q2 net profit up 39.1% to Rs 230 cr

Larsen & Toubro Technology Services (LTTS) on Tuesday posted a 39.1 per cent rise in consolidated net profit to Rs 230 crore for the September 2021 quarter and has raised its dollar revenue growth guidance to 19-20 per cent. The company had registered a net profit of Rs 165.5 crore in the year-ago period, it said in a regulatory filing. Its revenue grew 22.4 per cent to Rs 1,607.7 crore in the quarter under review from Rs 1,313.8 crore a year ago, it added. The company has announced a special dividend of Rs 10 per share to mark the five-year anniversary of LTTS' IPO and the record date has been set as October 27, 2021. LTTS, which has seen attrition spike to 16.5 per cent in the second quarter of the financial year 2021-22, plan to hire 2,000 freshers in the next six months. On a sequential basis, the net profit was higher by 6.4 per cent from Rs 216.2 crore, while revenue increased 5.9 per cent from Rs 1,518.4 crore in the June 2021 quarter. During the quarter, LTTS won 5 deals

L&T Technology surges 9%, hits new high on strong earnings projections

The management has guided for $1.5 billion revenue and 18 per cent earnings before interest tax (Ebit) margins by FY25

L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950

L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said

Moderate growth guidance takes the sheen off L&T Technology stock

Lower than expected Q4 show, premium valuations were other factors

L&T Technology Services announces Amit Chadha as CEO & MD

Chadha's overall career spans over two decades in core engineering and information technology outsourcing

Demand recovery to drive L&T Technology's FY22 show as ERD companies rise

Engineering research and development outsourcing expected to grow faster than IT services, say analysts

L&T Technology Services third quarter net profit falls 8.8% to Rs 186.1 cr

Larsen & Toubro Technology Services (LTTS) on Wednesday posted an 8.8 per cent decline in consolidated net profit to Rs 186.1 crore for the December 2020 quarter. The company had registered a net profit of Rs 204.1 crore in the year-ago period, it said in a regulatory filing. Its revenue fell 1.6 per cent to Rs 1,400.7 crore in the quarter under review from Rs 1,422.9 crore a year ago, it added. On a sequential basis, the net profit was higher by 12.4 per cent from Rs 165.5 crore, while revenue increased 6.6 per cent from Rs 1,313.8 crore in the September 2020 quarter. "Our Q3 results marked another quarter of resilient performance with growth in revenue, deal wins, operating margin and free cash flow. All five of our industry segments grew sequentially, while three segments - Industrial Products, Plant Engineering and Telecom & Hitech grew over 5 per cent," LTTS CEO and Managing Director Keshab Panda said. Large deal bookings were the highest ever, helped by the marquee USD ..

L&T Technology advances 10% ahead of Q3 results; surges 50% in 3 months

Phillip Capital expects LTTS to post strong dollar revenue growth of 4.1 per cent QoQ

L&T Technology Services shares advance 8%, hit fresh record high

In the past month, the stock has outperformed the market by surging 17 per cent, as compared to 6.5 per cent rise in the S&P BSE Sensex

L&T Tech Services wins $100 mn project from a global oil and gas major

L & T Technology Services (LTTS) said on Thursday it has been selected by a global oil and gas major to be the primary engineering partner for supporting two integrated refining and chemicals manufacturing facilities in the United States.It did not name the client but said the multi-year engagement has a potential value of more than 100 million dollars (about Rs 737 crore).Under the five-year contract, LTTS will provide multi-discipline plant engineering activities including site sustenance, discipline engineering and control automation support for both facilities.It will leverage in-house digital engineering tools and new-age technology & solutions to optimise project execution and drive efficiency improvements for the customer.The two sites covered under LTTS' scope are integrated refining, chemical and polymer complexes and are currently among the top 10 biggest downstream sites in the United States."Our focus on multi-vertical, large engagements with customer intimacy ...

L&T Tech to see revenue, margin pressures in FY21 as clients defer spends

Recovery in segments such as transportation could be pushed to FY22

L&T Tech Services goes after new streams of revenue amid Covid-19 crisis

As Covid-19 hits the global economy hard, the company refrained from giving any growth guidance for the ongoing fiscal

L&T's tech twins show contrasting fortunes; LTTS falls 10%, LTI gains 7%

After muted performance over the last few quarters, LTI put up a better show in Q2FY20

LTTS Q1 net profit rises 3% to Rs 204 cr on the back of multiple deal wins

Weakness in telecom and hitech vertical led to downward revision of revenue guidance to 12-14% against 14-16% earlier

Midcap IT shares surge; LTTS, Aptech, Mphasis, RS Software rally up to 20%

L&T Technology Services soared 11% to Rs 1,635 on Monday, extending its Friday's 7% gain on the BSE.

L&T Technology Services rallies 14% on strong Q1 results

The stock rallied 14% to Rs 1,485 on the BSE in early morning trade after the company reported more than doubled net profit at Rs 1,981 million in June quarter.